Canada’s New PM Braces for Trump Trade Talks—Will Crypto Get a Seat at the Table?

North America’s most awkward trade reunion kicks off as Canada’s fresh-faced leader jets south to negotiate with the OG dealmaker. Expect handshakes, tariffs, and at least one ‘yuge’ misunderstanding.

Behind the scenes: Wall Street’s already betting on the outcome—because nothing says ‘stable markets’ like two populists haggling over soybeans while Bitcoin flirts with ATHs.

Officials note that U.S. tariffs are already weighing on Canada’s economy

General Motors said on Friday that it would cut output at its Ontario factory, a move the union predicts will cost more than 2,000 jobs. In April, carmaker Stellantis paused production for two weeks.

“We are fighting hard for our auto sector, all our sectors, in these negotiations with the Americans,” Carney said. Business leaders welcome the talks but want clear rules. Goldy Hyder, chief executive of the Business Council of Canada, said Tuesday that the USMCA remains the best framework “to restore the certainty, stability and predictability” of cross‑border trade.

Looking ahead, Carney said his cabinet will be sworn in during the week of May 12. Parliament will return on May 27, when King Charles delivers the opening address.

The race for Parliament was dominated by arguments over Trump and Canada’s bond with its most important customer and ally. Throughout the summer, opinion polls showed the Liberals trailing, yet the president’s tariff move and annexation talk shifted opinion overnight.

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